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XLerateHealth Selects Six Healthcare Startups For First Accelerator Cohort in Flint, Michigan
FLINT, Mich., July 9, 2019 /PRNewswire/ -- XLerateHealth (XLH), an award-winning Louisville-based healthcare accelerator, today announced the selection of six startup companies to join the first bootcamp cohort of its accelerator in Flint, MI.
XLH opened its Michigan location in January 2019. The XLH program will operate in the Ferris Wheel building in downtown Flint and is funded by the Charles Stewart Mott Foundation and 100K Ideas.
XLH is committed to the revitalization and growth of Flint and to the goal of attracting investment capital to innovative, emerging healthcare companies in this region.
Of the six selected companies:
- 50% were founded and are led by women
- Two were developed by current and former students at Michigan State University
- One was developed by a researcher at Wayne State University with support from the State's MTRAC program
- Five out of six are based and were founded in Michigan
- One is based in Canada.
The first XLH Flint startup cohort kicks off its bootcamp program on Tuesday, July 9th with an open house event from 5-7 pm at the Ferris Wheel building, see more detail here. The program will culminate in a Demo Day pitch to investors, healthcare ecosystem partners, and the general startup community on September 25th.
"We are thrilled to announce our first cohort in our new Flint location," said Jackie Willmot, CEO and co-founder of XLH. "This cohort features unique and innovative solutions that address a myriad of healthcare challenges today. Congratulations to our selected companies."
XLerateHealth's First Flint Cohort
Bisep (Niagara Falls, Ontario, Canada) is a medical device company that focuses on solutions for patients requiring physical therapy, rehabilitation, and/or assisted ambulation. Its flagship device, the ARMM (Ambulation, Retraining and Mobility Mechanism), addresses the need for mobility and ambulation training in the elderly and disabled populations. The ARMM attaches a patient's wheelchair directly to their walker in a safe and adaptable manner which increases the frequency of ambulation, walking confidence, and decreases the risk of falls.
Crown Mallard (East Lansing, MI) is solving the problem of disposable glove cross-contamination in healthcare and food services. Their products, the AutoGlove and the AutoGlove dispensing system, keep unused gloves from being exposed to outside contaminants and dispenses one pair of gloves at a time in a user-friendly and cost-efficient manner. The product was developed by current students at Michigan State University.
El-Opira (Detroit, MI) uses advanced biomedical imaging technologies to diagnose cancers, targeting skin and brain cancers. The Company's first product will help healthcare providers differentiate dangerous skin cancer from benign moles, using specialized software that works with existing medical equipment. The technology precisely locates the borders of a cancer tumor during surgery, enabling better removal of the cancer while preserving the unaffected tissue.
HealthFreelance (Plymouth, MI) has digitized and streamlined the hiring process in healthcare. The company created a digital hiring platform for healthcare businesses to easily find, connect with, and hire experienced healthcare workers. It serves medical offices, pharmaceutical manufacturers, hospitals, research institutions, and corporations, all seeking to make fast, affordable, high-value hires without the added time and expense of engaging a recruiting firm.
Melius Outcomes (Ann Arbor, MI) has a web-based, quality improvement software platform which captures and cleanses data from an existing EHR, displays it intuitively for staff to highlight a specific quality issue, and provides 24/7 online training videos, references and tools with actionable recommendations to fix the issue. In trials of the Melius solution, hospitals have seen a reduction in infection and readmission as well as savings of up to $2M in costs annually.
TheraB Medical (Lansing, MI) has created the first completely portable and wearable 360 degree phototherapy treatment for infant jaundice called SnugLit. Over 60% of babies are born with jaundice but current treatment methods require continual supervision that impedes parental bonding and increases undue stress for the family. SnugLit was designed and developed with input from over 200 nurses to create a treatment device for use in hospital and home that is better for baby, mom, and provider.
XLerateHealth is an enterprise-focused early-stage healthcare accelerator that helps companies build out their commercialization strategies. Through its flagship 12-week bootcamp, XLH connects selected startups with clinical, academic and business leaders who have the expertise to help the entrepreneurs think through all aspects of commercialization. The organization has been in operation since 2013 and has a history of driving positive impact on the local communities it serves – to date, XLH bootcamp/intersession portfolio companies have collectively raised $35M and have created 250+ jobs. XLH affiliate companies have raised over $500 million. XLH has worked with over 60 startups since its inception in 2013 and 88% of these companies are still operational.
Find out more about XLH by visiting www.xleratehealth.com. XLH is on Facebook, LinkedIn and Twitter @XlerateHealth.